What is Desjardins’ Forecast for SKE FY2024 Earnings?

Skeena Resources Limited (NYSE:SKE) – Stock analysts at Desjardins issued their FY2024 EPS estimates for shares of Skeena Resources in a research report issued to clients and investors on Wednesday, February 26th. Desjardins analyst A. Carson expects that the company will post earnings of ($1.10) per share for the year. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.98) per share. Desjardins also issued estimates for Skeena Resources’ FY2025 earnings at ($0.13) EPS.

Skeena Resources Stock Performance

Shares of SKE opened at $9.45 on Monday. The company has a 50 day moving average price of $9.89 and a 200-day moving average price of $9.17. Skeena Resources has a fifty-two week low of $4.04 and a fifty-two week high of $11.74. The stock has a market capitalization of $1.07 billion, a PE ratio of -6.89 and a beta of 1.29.

Institutional Investors Weigh In On Skeena Resources

Several hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp lifted its position in shares of Skeena Resources by 4.3% in the 4th quarter. Mackenzie Financial Corp now owns 42,003 shares of the company’s stock worth $365,000 after purchasing an additional 1,742 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Skeena Resources in the 4th quarter worth approximately $170,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Skeena Resources by 6.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,480 shares of the company’s stock worth $597,000 after purchasing an additional 3,878 shares during the period. Two Sigma Advisers LP lifted its position in shares of Skeena Resources by 51.4% in the 4th quarter. Two Sigma Advisers LP now owns 153,725 shares of the company’s stock worth $1,340,000 after purchasing an additional 52,200 shares during the period. Finally, Two Sigma Investments LP lifted its position in shares of Skeena Resources by 29.4% in the 4th quarter. Two Sigma Investments LP now owns 358,221 shares of the company’s stock worth $3,124,000 after purchasing an additional 81,400 shares during the period. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Skeena Resources Company Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.